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"discipline" challenge

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  • #46
    Originally posted by Portman View Post
    First rule: maintain your capital.
    It sounds like an obvious thing but it is not: if you are able to earn money with trading you are even more able to not lose them.
    This rule is linked with the first needed virtue: the patience!
    Similar to my first rule.

    To win money on Betfair, you first have to learn how to lose money.


    • #47
      random delirious thoughts inspired by beer fest

      first you have learn to admit you cant make money by trading, close accounts and forget this all shxx as a horror night dream

      i never stop wondering, why people so easily admit that they cant sing or dance, cant paint or dont understand math, but hardly seen anyone admiting that he sux at making money by trading.
      - i have an idea dude, lets make a design firm?
      - youre crazy, i have no imagination, and've no idea how to calculate things or whatever.
      - cmon thats easy, youll learn, ill teach you.
      - naaah, that would be certain receipt for disaster, piss off.
      - go deposit again and again in hope someday miraculously stop making stupid moves and find that magic edge?
      - yay, sounds cool, where do i sign?

      jeeez duuude. thats. so. simple. bet only when you know whats happenin, or you know what possibly [worst] can happen. you know how much you will win, you know how much you will loose, if shit happens. you know how much you will win in a month, you know how much you will loose over 500 bets. oh, you dont? then ffs why you even started to bet with real money here?

      why people like to make everything so complicated. why develop insane conspiracy theories. back lay, lay back. simple. lost. why? fav accidentally stepped on banana skin and your horse won? sometimes shit happens, thats okay, everybody knows it, you too know it. also you know, if you double your stake, next race you just loose 2x. anyway next race you double your stakes. ffs WHYYY? you dont make faces on the second day to dog who painfully bites your leg, one time is enough, right?

      ''becouse im in trouble in my evryday work'', lol whut? ''becouse market is oversaturated with market making bots'' whaaat? then ffs why you even jumped into market where you know you dont have edge? ? ?

      you have one trouble, you cant think in extremal conditions [dont worry, most of us cant, those who can, work in specnaz]. now, what we can do about it? you can learn to think under pressure? suppose thats possible. doubtful that this can happen soon, as we clerly see here again and again. remove those extremal conditions? how? well, if you clearlly know whats happening, then its not extremal conditions anymore, right? how do we know whats happening? by making research. show me your excel books. oh you dont maintain one? jeez whatta loser why i even waste my precious time with you
      look here, you make hundreds of bets, you have everything neatly arranged in graphs [salut custard!] you know what can possibly happen, you know you usually recover that loss in next 10 races, thats ok, you calmly proceed trading with level stakes, no need to double anything, right?

      so why you anyway double up? i tell you why. you dont have edge, you suspect your world domination plan gone tits up, and if your wife see bill, youre done. then simple, watson, wife is extremal condition, remove her.

      think man, think. whhyyyyyyyyy. why you deposit 500 when you arent shure you could preserve even 20 bucks bankroll? [oh thats your one meal cost, thats okay then]. stop. increasing. stakes. stop. freaking. out. not from monday. right now

      you cant stop? join anonymous gamblers then ffs...

      and disclaimer [sry doubleback]: this delirious script in no way is intended to insult anyone. all characters appearing in this work are fictious. any resemblance to real users, losers or winners, is purely coincidental. just my twopence alternative point of view under heavy beer poisoning. randomly translated six times with googel translator. peace
      справка по The Geeks Toy на русском »» здеся ««


      • #48
        Originally posted by kawasaki View Post
        wife is extremal condition, remove her.
        This is how you deal with people affecting your trading?


        • #49
          Originally posted by kawasaki View Post
          first you have learn to admit you cant make money by trading, close accounts and forget this all shxx as a horror night dream
          For a lot of people I would agree, but to be fair I think Flok has made money in the past and can do so in the future. Trading isn't an easy business and many top traders have had times where they have really struggled for a while and thought about quitting, before going on to make a lot of money on here.

          It's impossible to say who will definitely do well, but there are certainly some people who I think it's obvious probably wont make it, but I personally wouldn't put Flok into that category at all
          Tough times don't last. Tough people do.


          • #50
            i thought i clearly wrote in disclaimer, i wasnt adressing flok particularly

            and i dunno, [ups sry DB again], i always am 100% supportive when someone have difficulties at, lets say, jumping high or runnig far, but somehow, i am very cautious when someone is in [deep] trading shxx .i understand that maybe he was successful in the past, maybe its temporary and i usually try not to put labels on anyone, but, you know, you can never know whats goin on on the other side of wire, what tricks our minds can start to play under stressful conditions. maybe only one of my friends/acquaintances know i am trading. not becouse im shameful or whatever, but becouse i dont wanna start listen to stories that dudes lost hundreds of euros, which they better could spend on kinds or [beer]. you perfectly know, chances that someone will make money here is damn slim. [especially when markets are ''oversaturated with bots'']
            справка по The Geeks Toy на русском »» здеся ««


            • #51
              Originally posted by kawasaki View Post
              i thought i clearly wrote in disclaimer, i wasnt adressing flok particularly
              Ah OK you have my apologies then, I'm bad at reading the small print
              Tough times don't last. Tough people do.


              • #52
                yes, i think that my way of trading is profitable, otherwise i wouldnt have done it for 4 years, would have been a waste of time and money.
                the problem is that i freak out when things go out of control and i start excuting trades that dont make sense , it's like if someone else took the mouse instead of me.

                assuming that i learn to control this problem:
                - the positive thing is that, if i keep my trading inside the rules and limits i developed, and i dont freak out wasting months of wins in few losses, it's profitable.
                - the negative thing is that, being a in-play lay system, it has high variance and it's not very scalable. every time i try to "push", i find it's impossible to get out for a small loss cause the market overruns my stake, even if it's not very large.

                so, the problem is not if i'm profitable or not, but i start having doubts cause i dont know if what i earn with trading is worth the time and energy i dedicate to it.


                • #53
                  wrong word... i wanted to say " it's impossible to get out for a small loss cause the market FRONTruns my stake, even if it's not very large."


                  • #54
                    I too adopt an in-play laying system. And I have also seen its potentially very serious pitfalls. If you're going to carry on flok, you have to have discipline and be able to act quickly. If not and depending at what odds you're laying, it can go very wrong too quickly.


                    • #55
                      We’re not exactly sure what this fuzzy line between consciousness , unconsciousness , sleeping and dreaming , its all going on and on in one cycle , but we’re not exactly sure what part of it we’re playing all the time . We have to hit on things to be sure . I mean how many times have you had dreams where you’re like ,”oh its a DREAM ” . How do you know that knocking on things isn’t a ****ing dream ? The whole idea that you can dream, the idea that you can imagine, the idea that there’s some mystical part of your brain that sees things that aren’t really there and puts them into position and gives you a little ****ing cartoon … What the **** is that?? We don’t know shit ! We know a lot , I mean we’re brilliant compared to cave men, but in comparison to understanding the very nature of the universe, you know subatomic particles. All ****ing rules go out the window when you go subatomic. You know they have things where a particle can be in a super state or its in a state where its moving and its still at the same time . What the **** does that even mean ? And the idea that you can look at something and as you’re looking at it, you change the behaviour of it. The observer actually changes the actual atoms that are moving! What the ****, how is that even possible? We don’t know ….
                      So to say we know a lot, yeah we know a lot for people. But there’s some shit that we don’t understand at all. They don’t even know why the universe stays together, they don’t know why it doesn’t just fly apart.I’m thinking that this whole thing might be someone’s imagination. It might me your imagination, it might be my imagination, it might be a combination of everyone’s imagination. I mean things are real, there’s real laws to this life. But it god dammit operates like a work of fiction!

                      I’m not sure what this is and I don’t think you are either . I think you can pretend that you’re sure because it makes you feel better at night and you can pretend that everything you can’t hit with a hammer isn’t real and its just your imagination.

                      What the **** is consciousness? What is this? What is life? What is this idea that “oh I’m gonna call Burt Kreischer and ask him to come over to my house”,and Burt somehow navigates through space and time and arrives at my doorstep. And us friends get to communicate and we’re talking into some ****ing thing that takes all of our voice and all the shit we say and throws it through some internet, breaks it down to one’s and zero’s. Where its then interpreted by other people’s computers in real time! What the **** is this?? Don’t tell me you know what this is, this is bazaarness.
                      If life wasn’t real it would be the craziest psychedelic trip EVER !!!!!!! What a real psychedelic trip is, is something your not use to, something that throws you off, but life its self is the most uber bazaar thing ever!

                      We don’t know that this universe that we exist in right now is the only universe . We don’t know whether or not there are infinite universes that exist side by side next to each other and its the human mind that guides you in one direction, from one point to another. And if they’re all parallel, they’re all co-existing in the same sphere. We don’t understand any of this stuff. They’re just now starting to think that inside every black hole, is another universe . Wrap your ****ing head around that! This is a new theory among scientist, not people like me, but among scientist. They believe that inside every galaxy there’s a super massive black hole, and the newest theory is that inside every super massive black hole is another universe with hundreds of billions of galaxy’s, each with a black hole at the centre, each containing another universe!!!!!!!

                      “Life might be this one frame in a infinite movie that last forever…”

                      The imagination is the real force behind the evolution. What imagination truly is, we think of it as “oh I can see things, I can work around problem”, but when you imagine a idea, when you imagine a product, you imagine how to design an engine for a car . Your imagination has this idea for this thing and then you build it and design it and BOOM… Its there. That thought, there was no thought of that before it existed. There weren’t people running around thinking of the car. There was no thought of it, you created this or it came to you. There’s something from nothing, something from … from what is it, the ether? Maybe its just these synapses firing in your mind. What is the signal, where is the root of this signal?

                      It is possible that the imagination is something that is, information that is out there. The idea that there’s shit out there and what we are is little antennas. And when we tune into something, if we pick up this signal for the engine, and someone picked that up , excellent! Once that piece is in place, oh then it flowers and blossoms, like a Fibonacci sequence on a ****ing sunflower. You know It all burst out expedencally in certain directions. Then that creates more inventions, which also burst out, but all of them emanate in the imagination initially. All of them have to be thought up. All of them have to be created by the human mind.Our whole collective idea of what the world is, is based on what we’ve experienced. Even photographs and things that we haven’t experienced, but we can see things that are in the galaxy and planets and shit.. We use these and we have this whole map of our universe. But that’s just what we see, right now. Its only limited to think outside of what we’ve all ready seen. The universe could be infinity ****ing bazaarly complicated to the point where every different dimension has it’s own laws and rules and every different universe exist in the centre of every single black hole. That might all be real shit! It might be so infinite and crazy we maybe can’t see it.

                      What am I doing? I’m piloting this ****ing flesh vehicle around some sort of dimension with other flesh vehicles. If I didn’t know what this was… If I came from no judgement what so ever, just a total natural point and I looked at just human behaviour moving around the planet, I would be like “This is the most psychedelic shit ever!!!” Just us, we’re like the craziest character in a ****ing movie.

                      I think the imagination is something we’re not taking as seriously as we should be. I think your mind doesn’t just control things in a sense that you bring things out of the aether, you bring things out of your imagination. You bring them and manifest them in the real world. I think your mind actually has an effect on how things go in the real world.

                      If you believe in things, they have incredible power over you, both good and bad. Who’s to say that’s not real? There’s like the idea of the placebo effect where I give you a sugar pill and all of a sudden you feel better ’cause you thought I gave you medicine… Still you feel better.People have actually been cured of illness because of the placebo effect, so what the **** is happening?There’s a direct collaboration between positive energy and positive results in physical form. They’re all connected.

                      I believe that the life that we’re in right now, this existence we all participate in, might just be a station on a radio dial, an infinite radio dial. You and I, we’re on the phone and we’re on 107.1 but there’s a 105.1 right down the dial where everyone’s ****ing blue with big giant black eyes, and they all move through solid objects and they don’t need water and they don’t breathe air. There may be an infinite number of worlds all around us all the time…

                      “And life might be like a radio” – Joe Rogan

                      Point being, you don't make money if you believe you don't. You can't trade if you believe you can't. You go on tilt if you believe you do.

                      You create everything around you. There is no other reality than your own, which you create.

                      The more you buy into the bullsiht that society tells you, the more you are just a sheep.